Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner Sells 2,198 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 2,198 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $30.69, for a total transaction of $67,456.62. Following the completion of the transaction, the executive vice president now owns 604 shares in the company, valued at $18,536.76. The trade was a 78.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Bankwell Financial Group Trading Up 1.1 %

NASDAQ:BWFG opened at $31.51 on Wednesday. The business’s 50-day moving average is $31.16 and its two-hundred day moving average is $29.82. The firm has a market capitalization of $247.67 million, a PE ratio of 26.70 and a beta of 0.87. Bankwell Financial Group, Inc. has a 12 month low of $22.47 and a 12 month high of $35.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.32 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.33). Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. Bankwell Financial Group’s payout ratio is currently 67.80%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BWFG. Barclays PLC increased its holdings in Bankwell Financial Group by 47.7% during the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock worth $623,000 after purchasing an additional 6,710 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Bankwell Financial Group by 164.5% during the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after buying an additional 7,238 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Bankwell Financial Group in the fourth quarter worth $624,000. Geode Capital Management LLC increased its stake in shares of Bankwell Financial Group by 3.8% in the third quarter. Geode Capital Management LLC now owns 147,342 shares of the bank’s stock worth $4,413,000 after buying an additional 5,438 shares during the last quarter. Finally, State Street Corp raised its holdings in Bankwell Financial Group by 0.6% in the third quarter. State Street Corp now owns 78,017 shares of the bank’s stock valued at $2,337,000 after acquiring an additional 500 shares in the last quarter. 35.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their target price on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

About Bankwell Financial Group

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.